Deviations of Exchange Rates from Purchasing Power Parity : A Story Featuring Two Monetary Unions /
We examine the mean-reverting properties of real exchange rates, by comparing the unit root properties of a group of international real exchange rates with two groups of intra-national real exchange rates. Strikingly, we find that while the international real rates taken as a group appear mean-rever...
| Hlavní autor: | MacDonald, Ronald |
|---|---|
| Další autoři: | Bayoumi, Tamim |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| Edice: | IMF Working Papers; Working Paper ;
No. 1998/069 |
| On-line přístup: | Full text available on IMF |
Podobné jednotky
-
The Purchasing Power Parity Criterion for Stabilizing Exchange Rates.
Vydáno: (1989) -
Covered Interest Parity Deviations : Macrofinancial Determinants /
Autor: Cerutti, Eugenio
Vydáno: (2019) -
Deviations From Uncovered Interest Parity : A Global Guide to Where the Action Is /
Autor: Tanner, Evan
Vydáno: (1998) -
Nonlinearity in Deviations From Uncovered Interest Parity : An Explanation of the Forward Bias Puzzle /
Autor: Valente, Giorgio
Vydáno: (2006) -
Long-Run Purchasing Power Parity and the Dollar-Sterling Exchange Rate in the 1920's /
Autor: Taylor, Mark
Vydáno: (1990)